In this piece, we will take you through everything you need to know about Betfair’s Cash out feature. We’ll explain ⚾️ what it is, how you calculate it, and how you can leverage it to increase your winning strike rate from ⚾️ your bets. It rightfully features in the list of the best cash out betting sites.
What is cash out on Betfair ⚾️ Exchange?
Betfair Cash out feature allows you to guarantee your profits or manage your losses on a bet. You can think ⚾️ of it as selling your current bet to another user either for a profit or loss, depending on the odds ⚾️ movement.
For instance, say you have a £100 Double Chance bet of Home or Draw at an odd of 1.30 on ⚾️ a match. Suppose the away team scores a goal, the odds for the Away team or a Draw drop to ⚾️ 1.15. At this point, you can cash out at a £13 profit since your bet is currently worth more than ⚾️ when you placed it. Simply put, your chances of the Away team winning or drawing are higher.